The immediate reaction to the earnings yesterday afternoon was to sell, then the humans took over from the ALgos and the stock make a very bullish reversal, to eventually settle with a 5% gain.
Given the extremely high volume this sort of action can't be ignored.
It is advisable to wait for a break from the long term channel before entering a long position.
Within the next few months, indeed weeks , the world economy could stage somewhat of a comeback, Brexit possibly settled, China trade Truce, Central Bank stimulus and future interest rate cuts in the USA could extend the Bull market for several years.
P/E ratio 9.52
Short interest 6.77%
Average analysts price target $158.21 | Overweight
Given the extremely high volume this sort of action can't be ignored.
It is advisable to wait for a break from the long term channel before entering a long position.
Within the next few months, indeed weeks , the world economy could stage somewhat of a comeback, Brexit possibly settled, China trade Truce, Central Bank stimulus and future interest rate cuts in the USA could extend the Bull market for several years.
P/E ratio 9.52
Short interest 6.77%
Average analysts price target $158.21 | Overweight
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.